IRB Infra SPV achieves Financial Closure
The Chittoor Thachur Highway, a wholly-owned subsidiary and an SPV of IRB Infrastructure Developers, has achieved financial closure for its hybrid annuity mode project, in the state of Tamil Nadu.
The project involves six-laning of Pondavakkam-Kannigaipair section of 20.060 km on Chittoor-Thachur Highway Bharatmala Pariyojana (Phase-IV).
The estimated cos the project is Rs 909 crore. The concession period is 15 years for O&M excluding the construction span of 730 days, from the date of appointment.
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